Elon Musk swats down reports James Murdoch is next in line to be Tesla chairman
On Wednesday, the Financial Times reported that James Murdoch, the outgoing chief executive of 21st Century Fox and son of media mogul Rupert Murdoch, is the top candidate to replace Elon Musk as chairman of Tesla. Musk quickly tweeted a denial.
"This is incorrect," he said. In September, the U.S. Securities and Exchange Commission reached a settlement with Musk and Tesla over a tweet Musk sent in August, claiming falsely he was going to take Tesla private. Regulators decided Musk can stay on as CEO but must give up his chairmanship, and Tesla must also appoint two new independent directors to its board.
Murdoch is on the boards of 21st Century Fox and News Corp., and he joined the Tesla board last year as an independent director. While he has experience in the media world, he has none in manufacturing. The Financial Times said Murdoch has let it be known he wants to become chairman, but Tesla is looking at other candidates. In June, Reuters reported that the CtW Investment Group recommended against re-electing Murdoch as a Tesla director because he has a "troubled history as an executive and director" and already sits on too many boards.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
The influencer court case shaking up social media
Under The Radar TikTok star accuses her rival of stealing her beige 'aesthetic' but are there shades of grey in US copyright law?
By Chas Newkey-Burden, The Week UK Published
-
What is Mitch McConnell's legacy?
Talking Point Moving on after a record-setting run as Senate GOP leader
By Joel Mathis, The Week US Published
-
'A man's sense of himself is often tied to having a traditionally masculine, physical job'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published